JPMorgan analyst Doug Anmuth raised the firm’s price target on eBay (EBAY) to $60 from $58 and keeps a Neutral rating on the shares. The company reported solid Q4 results with merchandise volume, revenue, and margins at the high end of guidance, but the shares traded down 9% as the 1Q outlook came in below consensus, the analyst tells investors in a research note. The firm looks for further signs of sustainable sales growth before getting constructive on the shares.
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